The Innovators Facade Systems date has been confirmed from May 14, 2018 and ended on May 16, 2018.
Innovators Facade Systems Developers IPO is a fixed price issue of Rs 40.75 crores. The price band is set at ₹71 to ₹72 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹115,200.
Start your investing journey today. How do you open your own demat account for free?
Bidding Dates
May 14-16
Price Range
₹71 to ₹72 per share
Face Value
₹10 per share
GMP
₹221.70
Innovators Facade Systems IPO GMP
The Innovators Facade Systems IPO GMP is ₹221.70.
IPO Overview
The Innovators Facade Systems IPO is a book-built offering for Rs 40.75 crores. Bidding for the Innovators Facade Systems IPO began on May 14, 2018 and finished on May 16, 2018. On May 24, 2018, the shares were listed on the BSE SME. The price range for Innovators Facade Systems’ IPO is set at 71 to 72 cents per share. An application requires a minimum lot size of 1600 Shares. Retail investors are obliged to make a minimum investment of 115,200.
Among its clients are M/s. Hiranandani Realtors Pvt. Ltd., M/s. Relcon Infraprojects Limited, M/s. Larsen & Toubro Limited, M/s. Grauer & Weil (I) Limited, and others. The company currently has 198 employees, including Executive Directors, accountants, administrative executives, managers, Estimation and designer, 6 business development, marketing, and sales staff, and 6 employees in the procurement department.
Innovators Facade Systems IPO Details
| IPO Date | May 14, 2018 to May 16, 2018 |
| Listing Date | May 24, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹71 to ₹72 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 5,660,800 shares (aggregating up to ₹40.75 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 288,000 shares |
Innovators Facade Systems Company Financials
| Particulars | For the year/period ended (in Rs. Millions) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 13,873.29 | 12,817.78 | 12,607.20 | 11,671.62 | 9,936.60 | |
| Total Revenue | 10,235.96 | 9,438.88 | 9,204.92 | 7,734.81 | 7,833.22 | |
| Profit After Tax | 186.01 | 167.64 | 316.76 | 269.24 | 232.48 | |
Innovators Facade Systems IPO Listing Details
| Listing Date | May 24, 2018 |
| BSE Script Code | 541353 |
| NSE Symbol | |
| ISIN | INE870Z01015 |
| Final Issue Price | ₹72 per share |
Company Profile
Innovators Fa ade Systems Limited, situated in Maharastra, was founded in 1999 and specialises in the design, engineering, construction, and installation of fa ade systems. The organisation provides entire solutions to its customers in terms of fa ade installation in complex projects. It focuses on technically challenging facades. With over eighteen years of experience in the fa ade industry, the company has built a brand image. Innovators’ production facility is located in Wada, Maharashtra, and is 1,25,000 square feet in size. Glazing/curtain walls, high-
end doors and windows, skylights, canopies, frameless glazing, MS constructions, stone cladding, metal cladding, roofing, and other products are included in the product basket. The Company’s registered office is in Mumbai, and it has 7 branch offices throughout India.
Innovators Facade has a strong presence in several states, including Maharashtra, Goa, Haryana, Karnataka, Tamil Nadu, Uttar Pradesh, and West Bengal. The company has completed about 200 projects and has long-standing reputable clients in the construction industry. It has provided construction services for a wide range of projects, including residential structures, business complexes, IT Parks, airports, retail, and pharma projects.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | innovators.ipo@linkintime.co.in |
| Website | linkintime.co.in |
Contact Details
| Name | Innovators Facade Systems Limited |
| Phone number | 022- 28132151 |
| Email ID | investors@innovators.in |
| Website | innovators.in |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
